Gulf Life Holding Company
| Company Deal | 1,251,829 shares common stock |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Gulf Life Holding Company expected that the proceeds from this transaction would provide the cash necessary for the acquisition of 4,068,766 shares of the common stock of American-Amicable. It was anticipated that the acquisition of American-Amicable would be consummated within four weeks of the issuance of the common stock offered in this transaction. The remainder of the proceeds were used to retire a portion of the company's 6 1/2%-7% notes payable to banks, which were issued to finance the Stonewall acquisition and the expenses of the exchange offer, and to pay the remainder of such expenses. |